Mirabella Financial Services LLP Makes New $13.39 Million Investment in Kingsway Financial Services Inc. (NYSE:KFS)

Mirabella Financial Services LLP acquired a new stake in shares of Kingsway Financial Services Inc. (NYSE:KFS - Free Report) TSE: KFS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,600,000 shares of the insurance provider's stock, valued at approximately $13,392,000. Kingsway Financial Services comprises 1.2% of Mirabella Financial Services LLP's holdings, making the stock its 17th largest holding. Mirabella Financial Services LLP owned 5.80% of Kingsway Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider's stock worth $236,000 after acquiring an additional 22,438 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Kingsway Financial Services during the fourth quarter valued at $102,000. State Street Corp lifted its position in Kingsway Financial Services by 4.8% during the third quarter. State Street Corp now owns 151,477 shares of the insurance provider's stock valued at $1,254,000 after purchasing an additional 6,877 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kingsway Financial Services by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider's stock worth $2,875,000 after buying an additional 6,941 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Kingsway Financial Services by 325.5% in the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider's stock worth $150,000 after buying an additional 13,975 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.

Insider Buying and Selling at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 1,000,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the transaction, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. This represents a 66.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought 945 shares of company stock worth $7,499 over the last quarter. Insiders own 54.75% of the company's stock.

Kingsway Financial Services Trading Down 3.4 %

Shares of Kingsway Financial Services stock traded down $0.29 on Friday, reaching $8.16. The company had a trading volume of 16,786 shares, compared to its average volume of 54,070. The firm's 50-day moving average price is $7.82 and its two-hundred day moving average price is $8.29. Kingsway Financial Services Inc. has a 1 year low of $7.06 and a 1 year high of $9.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.